Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) from a buy rating to a hold rating in a research note published on Monday morning.

SBS has been the subject of several other research reports. Zacks Research downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $183.00.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Down 0.7%

SBS opened at $4.57 on Monday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.47 and a current ratio of 1.47. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a one year low of $4.18 and a one year high of $7.16. The company has a market cap of $16.08 billion, a P/E ratio of 12.81, a PEG ratio of 3.92 and a beta of 0.68. The business’s 50-day simple moving average is $5.52 and its 200-day simple moving average is $74.08.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its earnings results on Wednesday, August 12th. The utilities provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 14.03% and a net margin of 23.93%. As a group, equities research analysts expect that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

A number of hedge funds have recently modified their holdings of the business. WCM Investment Management LLC raised its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 396.7% in the 1st quarter. WCM Investment Management LLC now owns 2,198,987 shares of the utilities provider’s stock valued at $64,716,000 after purchasing an additional 1,756,304 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the fourth quarter valued at $37,053,000. Bank of America Corp DE raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 54.9% in the second quarter. Bank of America Corp DE now owns 3,152,070 shares of the utilities provider’s stock valued at $69,251,000 after buying an additional 1,116,681 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the third quarter valued at about $27,444,000. Finally, Handelsbanken Fonder AB boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 502.2% during the second quarter. Handelsbanken Fonder AB now owns 1,149,745 shares of the utilities provider’s stock worth $6,646,000 after buying an additional 958,808 shares during the period. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.